We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Top News
De Beers Progresses in Blockchain Initiative
London: De Beers Group has announced it is progressing development of the first blockchain technology initiative to span the diamond value chain and provide a single, tamper-proof and permanent digital record for every diamond registered on the platform. The initiative will underpin confidence in diamonds and the diamond industry by ensuring that all registered diamonds are conflict-free and natural, while
Who Looted Zimbabwe’s Diamonds Worth $15 Billion?
Harare: The Zimbabwe Anti-Corruption Commission has opened fresh investigations into former Mines and Mining Development Minister Walter Chidhakwa over diamonds that allegedly disappeared from Government vaults during his stint at the ministry. Zacc investigators told The Sunday Mail that Chidhakwa will soon be interviewed on the precious stones which vanished in 2015. Also likely to be quizzed are former Cabinet
PNG Jewellers Opens 27th Store in Pimpri, Pune
Mumbai: P.N.Gadgil Jewellers – a brand built on trust, excellence and innovation inaugurated its newest store in Pimpri, Pune on Friday, 12th January, 2018. This magnificent store launch was attended by the Sultan of Bollywood – Mr. Salman Khan and was inaugurated by Mr. Shrirang Barne – Member of Parliament in the presence of Mr. Saurabh Gadgil – CMD, PN
Israel to Unveil Diamond Based Cryptocurrencies
Ramat Gan: During the next International Diamond Week in Israel (IDWI) (from February 5 – 7, 2018), the Israel Diamond Exchange (IDE) will unveil new diamond-based cryptocurrencies created by startup CARATS.IO. As part of IDWI events, CARATS.IO will host a seminar introducing their new diamond-backed financial instruments to explain their many benefits to the diamond industry. According to Founder and
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
